IXUP begins revenue generation from the Ontario contract

IXUP Limited (ASX: IXU) has officially commenced its centralized self-exclusion contract with iGaming Ontario, generating its first revenues through a joint venture with IC360. This milestone marks IXUP's entry into the North American market, which is anticipated to be a significant growth area for its RegTech solutions. The contract, valued at over AU$10 million over five years, includes substantial upfront build-related activities that account for approximately 25% of the total contract value. Initial meetings have confirmed timelines for system launch by Q4 2026. This revenue stream is expected to enhance IXUP's cash flow and reduce monthly cash burn rates, while the company and IC360 plan to pursue additional self-exclusion contracts in North America shortly.

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